The Company's strategy includes conventional petroleum exploration for oil onshore Cebu in the Philippines where it has produced oil from two separate reservoir intervals in the Malolos oil field. This oil field requires further appraisal and development. The Company also plans to build and operate gas fired electricity generation plants in the Philippines fuelled by any gas discovered. The Company is also active within the Aquitaine Basin, south-west France where it has one existing exploration licence and three new licence applications which are currently being processed by the French Government.
The Board of Directors brings extensive experience in conventional oil and gas exploration and development combined with expertise in drilling, production and power station ownership and operations. The Directors also have extensive experience working in the Philippines and France.